ARMSTRONG FLOORING SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess Of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Armstrong Flooring, Inc. - AFI

This action is pending in the United States District Court for the Central District of California.

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Business Wire, Inc.
Retrieved on: 
Tuesday, November 19, 2019
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Legal, Professional services, Charles Foti, Foti, Securities regulation in the United States, LOUISIANA, New Orleans
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LOUISIANA, United States
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Summary
Key Points: 
  • This action is pending in the United States District Court for the Central District of California.
  • If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 14, 2020.
  • Armstrong and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms.


Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 14, 2020 to file lead plaintiff applications in a securities class action lawsuit against Armstrong Flooring, Inc. (NYSE: AFI), if they purchased the Company’s securities between March 6, 2018 and November 4, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased securities of Armstrong and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-afi/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 14, 2020.

About the Lawsuit

Armstrong and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 5, 2019, pre-market, the Company disclosed a range of negative financial information including 3Q2019 net sales of $165.6 million, a nearly 21% decline year-over-year, a net loss of $31.4 million, and a cut to its full year 2019 guidance for adjusted EBITDA from prior range of $46 million to $54 million to a range of $20 million to $25 million.

On this news, the price of Armstrong’s shares plummeted.

The case is Chupa v. Armstrong Flooring, Inc., 2:19-cv-09840.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

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